Mvmnt’s core product is a TMS that it uses as a distribution vehicle for a full suite of brokerage services and transportation-focused financial products. The company gives away its TMS to brokerage firms and monetizes ancillary services such as freight factoring and insurance. It handles freight factoring by purchasing truckers’ invoices at a discount to accelerate payments and plans to expand into additional transportation financial services, including payroll and commissions. Mvmnt positions itself as a system of record and engagement for middlemen in trucking transactions. The startup launched in 2020, relied on brokerage fees to fund early development, and today has just over 30 employees and is hiring. Leadership emphasizes hiring people who understand both the freight industry and technology to bridge a culture gap in the market.

Total raised

$20M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2022